Word: tanzi
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Dates: during 2000-2009
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...findings could facilitate more accurate predictions of Alzheimer’s and provide “new biological pathways” towards therapies for the disease, according to Harvard Medical School Professor Rudolph E. Tanzi, who led the effort...
...Harvard Medical School professor has received about $1 million to fund a promising effort that could move researchers closer to a cure for Alzheimer’s disease. Professor of Neurology Rudolph E. Tanzi has thus far been awarded about one-third of the $3 million that has been raised by the Cure Alzheimer’s Fund, a charity based in nearby Waltham. The fund’s leaders believe that targeted research, particularly in the area of genetic mapping, will be more effective in finding a cure than more traditional, broader types of research. Genetic mapping...
...years Tanzi hid his company's difficulties by expanding. Following a disastrous foray into television in the 1980s, he staved off bankruptcy by engineering a reverse merger with a dormant holding company listed on the Milan stock exchange and followed up with a big capital increase. That enabled Parmalat to go public in 1990 and plug some of the gaps in its accounts. As early as 1993, according to evidence given to magistrates in Parma, Parmalat allegedly began to play fast and loose with its balance sheet. Starting in 1992, the group began buying up dairy and other companies...
...Merrill Lynch's food-industry analyst in London, issued a "sell" recommendation on Parmalat stock. She found the accounts incomprehensible. Yet as late as 2003, Bank of America was still trying to woo Parmalat. In June, Kenneth Lewis, the bank's then chief executive, flew to Parma to see Tanzi. Ferraris recalls that the meeting with Lewis was cordial; he encouraged Parmalat to use the bank's services. "It was a marketing call," Ferraris recalls. "Lewis was saying, we'd love to do more business with you guys." The bank describes the visit as "a courtesy call" and says there...
...institutions for their role in the Parmalat collapse--or, conversely, whether the foreign firms will get back any of the money they say they lost--is unclear. As for Ferraris, who is awaiting trial for market manipulation, he is "flabbergasted" by the whole affair. "I believed so much in Tanzi as an entrepreneur that I have a hard time seeing him as anything else," he says. "For 13 years I think he's a genius, and then I find out he's a crook." If Ferraris wishes he had never been seduced by Tanzi, the international banks and auditors...